TSXV: AZM
OTCQX: AZMTF
LONGUEUIL, QC, April 13,
2023 /CNW/ - Azimut Exploration Inc.
("Azimut" or the "Company") (TSXV: AZM)
(OTCQX: AZMTF) is pleased to announce that Mr. Rock
Lefrançois, P.Geo., has been promoted Vice President Exploration of
the Company. Mr. Lefrançois was previously acting as Manager –
Special Projects for Azimut.
Mr. Lefrançois holds 35 years of international experience in the
search, evaluation and development of gold and base metal deposits
throughout the Americas. During his 15 years of engagement with
mid-tier mining companies he was responsible for the implementation
of project generative and acquisition programs and the management
of exploration and extensive resource and reserve definition
drilling programs and collaborated on economic assessments. For the
last 20 years, Mr. Lefrançois has been involved in the management
and development of publicly traded junior exploration and mine
development companies.
In the position of President & COO of NioGold Mining Corp.,
he was a key contributor to the consolidation of the largest land
position in the Malartic Gold Camp in Abitibi, the definition of 2
Moz of gold resources and the negotiation of strategic partnerships
with gold producers. NioGold was taken over by the Osisko Group in
2016.
In the position of COO of Columbus Gold Corp. (now Orea Mining
Corp.), Mr. Lefrançois was responsible for the management of a
joint venture between Columbus and
gold producer Nord Gold plc for the
completion of the Bankable Feasibility Study and Environmental and
Social Impact Study on the Montagne d'Or open pit gold mine project
(4.8 Moz resources, 2.8 Moz reserves), located in French Guiana, South
America, leading to a mine construction decision by the
joint venture and the start of the permitting process. More
recently, as President & COO, and subsequently, President &
CEO of Columbus, Rock implemented
a corporate growth strategy involving the search, evaluation, and
acquisition of gold projects in South
America with a priority on the Guianas.
Mr. Lefrançois holds a bachelor's degree, specialization
Geology, from Concordia University in
Montreal.
A total of 100,000 stock options from Azimut have been granted
to Mr. Lefrançois with his promotion as Vice
President Exploration. These options will vest in tranches
over a three (3) year period with an exercise price of $1.44 per share, and are exercisable for a ten
(10) year period. This grant is subject to regulatory approval.
About Azimut
Azimut is a leading mineral exploration company with a solid
reputation for target generation and partnership development. The
Company holds the largest mineral exploration portfolio in
Quebec. Its wholly-owned flagship
Elmer Gold Project is actively advanced to the initial
resource stage in the James Bay
region. Azimut also controls a strategic land position for
copper-gold, nickel and lithium. At least 10 work programs are
planned for 2023, including an aggressive lithium-focused field
assessment phase as early as possible after the winter season.
Azimut uses a pioneering approach to big data analytics (the
proprietary AZtechMine™ expert system), enhanced by
extensive exploration know-how. The Company's competitive edge is
based on systematic regional-scale data analysis and concurrently
active projects. Azimut is led by a team with a wide range of
national and international expertise in the mining industry,
including technical, financial and legal experience from
exploration to production. The Company maintains rigorous financial
discipline and a strong balance sheet, with 79.7 million shares
issued and outstanding.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Azimut Exploration Inc.